MORES Missouri Real Estate Salesperson Exam - Set 4 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: A Missouri client authorizes her designated broker to engage another designated broker to work on her behalf on a listed property she owns in a neighboring Missouri county. Which of the following describes the duties that second broker owes?

Duties limited to honesty and fair dealing

No duties, since the client never signed

The same obligations as the principal agent

Transaction broker duties only

Question 42: A Missouri property management office employs unlicensed staff who show apartments and take applications, and the broker asks whether they may hand a prospective tenant the Broker Disclosure Form. Which of the following describes what the rules permit?

Unlicensed staff may provide it

The broker must mail the form

Only a licensee may provide the form

Tenants are exempt from receiving the form

Question 43: A Missouri commercial buyer is represented by counsel who prepares the purchase contract, and the licensee involved asks whether the brokerage relationship confirmation must still be signed by that represented buyer herself. Which of the following describes the rule?

Confirmation is required of every party always

Confirmation is waived for all commercial transactions

Counsel signs for the buyer

The represented party's confirmation is not required

Question 44: A Missouri seller's limited agent receives an offer while she is preparing for a vacation and sets it aside for a week before mentioning it to her client. Which of the following describes the duty she has neglected?

Complying with fair housing laws

Presenting all written offers timely

Accounting for money and property received

Advising the client to obtain expert advice

Question 45: A Missouri seller's limited agent is asked a technical question about a foundation repair that lies well outside her own training and practical experience as a licensee. Which of the following describes what the statutory duty list directs her to do?

Give her best estimate to keep momentum

Obtain an engineer's opinion herself

Decline to discuss the subject at all

Advise the client to obtain expert advice

Question 46: A Missouri designated broker enters a limited agency agreement with a seller, and the agreement is silent about whether the broker may offer subagency to other brokers. Which of the following describes what the statute requires the agreement to contain?

Only the duties the statute already imposes

Only the compensation and the expiration date

The duties, compensation and any subagency terms

A recital abrogating common law agency

Question 47: A Missouri client asks her designated broker to explain the difference between a client and a customer, since the licensee has used both words in the same short conversation without distinguishing them. Which of the following describes what separates them?

Whether the person has retained legal counsel

Whether the person buys or sells

Whether the person pays the broker's compensation

Whether the person entered a brokerage relationship

Question 48: A Missouri licensee terminates a buyer agency agreement early at the client's request, and she still holds a small earnest money deposit the client gave her for a deal that collapsed. Which of the following describes her obligation?

She must account for it timely

She must deliver it to the Commission

She may retain it against future services

The obligation ended with the agreement

Question 49: A Missouri designated broker intends to act as a dual agent in a transaction and asks how the parties' informed consent is actually established under the Missouri statutory scheme. Which of the following describes how that consent arises?

It is presumed once the contract closes

Given orally at the first meeting

Presumed on execution of the written agreement

It requires separate notarized consent forms

Question 50: A Missouri broker lists for a new licensee the relationships her firm may lawfully offer under the agency act, and a colleague insists that facilitator is among them in this state. Which of the following identifies a relationship Missouri actually recognizes?

Designated agent

Non-agency intermediary

Facilitator

Statutory broker

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